You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Syria-Lebanon-Iran
US re-imposes all Iran sanctions lifted under nuclear deal
2018-11-03
[ENGLISH.ALARABIYA.NET] The Trump administration on Friday announced the re-imposition of all US. sanctions on Iran that had been lifted under the 2015 nuclear deal.

The sanctions will take effect on Monday and cover Iran’s shipping, financial and energy sectors. It’s the second batch of penalties that the administration has re-imposed since President Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
withdrew from the landmark deal in May.

With limited exceptions, the sanctions will penalize countries that don’t stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including Iran’s central bank, a number of private financial institutions and state-run port and shipping companies.

Secretary of State Mike Pompeo said the sanctions are "aimed at fundamentally altering the behavior of the Islamic Theocratic Republic of Iran."

He has released a list of 12 demands that Iran must meet if it wants the sanctions lifted. They include ending support for terrorism, ending military engagement in Syria and completely halting its nuclear and ballistic missile development.

"Maximum pressure means maximum pressure," he said.

Pompeo said eight nations, which other officials identified as US allies such as Italia, India, Japan and South Korea, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period as long as they end such imports entirely. He said those countries had made efforts to eliminate their imports but could not complete the task by Monday’s deadline.

Treasury Secretary Stephen Mnuchin said 700 more Iranian companies and people would be added to the sanctions lists under the reimposed sanctions.

Iran hard-liners in Congress and elsewhere probably will be disappointed in the sanctions because they were pushing for no oil import waivers as well as the complete disconnection of Iran from the main international financial messaging network known as SWIFT.

Mnuchin defended the move to allow some Iranian banks to remain connected to SWIFT, saying that the Belgium-based firm had been warned that it will face penalties if sanctioned institutions are permitted to use it.

Pompeo and Mnuchin both said the sanctions will have exceptions for humanitarian purchases.
Posted by:Fred

00:00